Vacation property is a niche in the real estate market dealing with residences used for holiday vacations (e.g. beach house). In the United Kingdom this type of property is usually termed a holiday home, in Australia, a holiday house/home, or weekender, in New Zealand, a bach or crib. In the United States the most common designation is second home.
A second home or vacation home can be a home owner's asset as renting it could provide additional income. Many vacationers are opting for a single family residence that they can rent on a nightly or weekly basis. In many cases the savings for them are significant compared to hotels or vacation packages. For owners it can be as rewarding as paying the mortgage. As people begin to realize this trend vacation type properties are becoming popular not only for existing homes but also for building one.
Vermont (i//, [vɚːˈmɑːn(ʔ)] or [vɚˈmɑ̃(ʔ)]) is a state in the New England region of the northeastern United States. Vermont is the 6th least extensive and the 2nd least populous of the 50 United States. It is the only New England state not bordering the Atlantic Ocean. Lake Champlain forms half of Vermont's western border, which it shares with the state of New York. The Green Mountains are within the state. Vermont is bordered by Massachusetts to the south, New Hampshire to the east, New York to the west, and the Canadian province of Quebec to the north.